All Forum Posts by: Andrew Kala

Hey guys, I am getting into foreclosure investing and have a couple questions since going through almost 500 listings from my county clerks website.

1) Is it even possible to strike a deal with the homeowner before the house goes to auction if it has ALREADY been scheduled an auction date? I was informed that this is not possibe, and once date is set that the homeowner now has virtually no power.

2) I only wrote down the leads where the upset amount was significantly lower than the estimated market value for the properties. There are tons of properties where the upset value is significantly higher than the market value. This is y question. When doing research I found that the upset value is what the bank is owed, and that this will be the starting bid at the auction. How do the banks think that anyone will bid if the starting bid (upset value) is much higher than the market value for the property??

This does not make sense??

If this is not the case, please inform me as I cannot seem to get a straight answer to these two questions?

Thanks guys.

Hey guys, I am getting into foreclosure investing and have a couple questions since going through almost 500 listings from my county clerks website.

1) Is it even possible to strike a deal with the homeowner before the house goes to auction if it has ALREADY been scheduled an auction date? I was informed that this is not possibe, and once date is set that the homeowner now has virtually no power.

2) I only wrote down the leads where the upset amount was significantly lower than the estimated market value for the properties. There are tons of properties where the upset value is significantly higher than the market value. This is y question. When doing research I found that the upset value is what the bank is owed, and that this will be the starting bid at the auction. How do the banks think that anyone will bid if the starting bid (upset value) is much higher than the market value for the property??

This does not make sense??

If this is not the case, please inform me as I cannot seem to get a straight answer to these two questions?

Thanks guys.

Hey guys, I am getting into foreclosure investing and have a couple questions since going through almost 500 listings from my county clerks website.

1) Is it even possible to strike a deal with the homeowner before the house goes to auction if it has ALREADY been scheduled an auction date? I was informed that this is not possibe, and once date is set that the homeowner now has virtually no power.

2) I only wrote down the leads where the upset amount was significantly lower than the estimated market value for the properties. There are tons of properties where the upset value is significantly higher than the market value. This is y question. When doing research I found that the upset value is what the bank is owed, and that this will be the starting bid at the auction. How do the banks think that anyone will bid if the starting bid (upset value) is much higher than the market value for the property?? 

This does not make sense??

If this is not the case, please inform me as I cannot seem to get a straight answer to these two questions?

Thanks guys.

hey guys, I am new to this forum and needed some advice. My goal is to purchase wholesale properties/find motivated/distressed sellers and either buy and hold or flip, or both.

I am trying to compile a mailing and calling list but seem to be a bit confused on where to start. I have purchased a membership to rebogateway and I am trying to utilize it as a source for creating a mailing list to go out to pre foreclosure owners. Some questions I hve:

1) On some of these list building websites, what does a "farm" mean.

2) On the rebogateway website, I noticed that it states that you can find NOD properties by searching through "record date" or "insert date"....what exactly is the difference?

3) rebogateway again- It provides be dates that I can search NOD by "from" and "to" ...I understand this simply means that I can search through their records to find various dates when a home owner received their lis pendent notice, but is there any advantage to going further back? For example: from 01/8/12 to 02/5/15 versus from 01/7/14 to 04/14/ 15 for example.

4) I am assuming rebogateway is only for direct mailing because no phone #s exist on the database it seems? 

5) Can anyone recommend a good source to find a CALLING list twhich can be utilized to reach Pre foreclosure owners or out of state/absentee owners?

Ideally I would like to making between 200-300 calls on a daily basis but I just need some guidance on where to find/build this list from? 

Thank you very much for any answers and apologize for my lack of knowledge in the space as I am trying to gain as much experience and guidance in the beginning right now.

thanks.

I am new to the investing game and have started looking for deals through craigslist, foreclosures, pre-foreclosures etc, I am also in the process of getting my real estate license in my state. My major question, which seems to be difficult to find a straightforward answer for some reason, is how do I find other properties in a town that are the same square footage and property size to the properties I am interested in which have recently sold? I have looked at sites such a Zillow, trullia, redfin, and realtor.com. However none of these sites allow me to punch in the square footage of the house size I am looking for which has sold recently. Once I get my license I am hoping having access to the MLS may solve this problem? If someone could point me in the right direction it would be highly appreciated. I apologize if this is a very basic question, but I would really appreciate input. Thank you.

can someone give me a thorough answer regarding this? I am new here and im looking into obtaining my real estate license, but I would like to know the major differences between these two. Thank you